A rare opportunity to acquire a prominent mixed-use investment in the heart of Chipping Sodbury High Street, comprising established commercial and residential income together with asset management and future value enhancement potential.
Producing a current gross income of £58,300 per annum, the property benefits from a town centre location, rear parking and a vacant rear building offering scope for refurbishment, reconfiguration or redevelopment, subject to the necessary consents.
The key elements of the investment are as follows:-
2 x 1 bed residential flats with self contained access, fully let producing £19,800 pa
Commercial unit let to Spar (AF Blakemore) producing £20,500 pa
Commercial Unit let to The Salon producing £18,000 pa
Total gross income - £58,300
Parking area at the rear
Rear yard and vacant building is a potential development opportunity (subject to
planning)